Short-term forecast for BTCUSD, XRPUSD and ETHUSD 13.09.2022

I welcome my readers!

I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency.

The article covers the following subjects:

Elliott wave Bitcoin analysis

The BTCUSD market is forming the upward corrective pattern as a double zigzag [W]-[X]-[Y]. The first two legs of the pattern, sub-waves [W] and [X], have completed as a triple zigzag and a double zigzag (W)-(X)-(Y). There is unfolding the first part of the new motive wave, sub-wave (A), as an impulse 1-2-3-4-5. The upward impulse should end at a level of 23592.00, marked by correction [2].

Trading plan for BTCUSD today:

Buy 22225.00, Take profit: 23592.00

Elliott wave Ripple analysis

The XRPUSD market is forming the large linking wave [X] as a part of the motive wave W of a larger degree. There should be forming the final motive wave [Z] as a standard zigzag (A)-(B)-(C), as outlined in the chart. This zigzag-shaped pattern could end at a level of around 0.408. In this scenario, one could enter long trades.

Trading plan for XRPUSD today:

Buy 0.350, Take profit: 0.408

Elliott wave Ethereum analysis

The ETHUSD continues forming the bullish impulse [A] composed of five sub-waves (1)-(2)-(3)-(4)-(5). The final wave (5) is currently forming as an impulse 1-2-3-4-5 that should end at a level of 2200.00, where wave (5) will be 76.4% of the previous impulse (3), according to the Fibonacci extensions. An approximate trajectory of the Ethereum future price movement is outlined in the chart.

Trading plan for ETHUSD today:

Buy 1707.57, Take profit: 2200.00

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The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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